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Summary
The Virginia Institute of Public Policy released a report highlighting the success of the Virginia Model in reducing regulatory burdens. The model has saved Virginians $1.2 billion annually by streamlining regulations rather than focusing solely on staffing cuts. This initiative, which started under Governor Northam and continued under Governor Youngkin, has reduced the state’s regulatory burden by over 21% since 2022, aiming for a 25% reduction by the end of Youngkin’s term.
Key Points:
- Significant Cost Savings: Virginia’s regulatory reforms have led to $1.2 billion in annual savings.
- Reduction in Red Tape: The state has already cut 21% of its regulations, with a goal of reaching 25%.
- Faster Processing Times:
- Department of Professional and Occupational Regulation (DPOR): License processing times reduced from 33 days to 5 days.
- Department of Environmental Quality (DEQ): Permit processing times cut by 70%.
- Streamlining Large Regulations: The Stormwater Management Handbook was reduced from 11,600 pages to 1,800, saving $124 million annually.
- Bipartisan Progress: Despite divided government control, the Virginia Model shows that bipartisan cooperation on regulatory reform is possible.
- DOGE and the Debate on Efficiency: The Trump administration’s Department of Government Efficiency (DOGE) has highlighted different approaches to efficiency, questioning whether to focus on cutting funding, staffing, or regulations.
The report suggests that Virginia’s approach is a model for other states, demonstrating how targeted deregulation can improve efficiency and reduce costs without sacrificing public safety.